Business News

Outlook 2021: Tourism Recovery Banks on Outdoor Recreation, Domestic Market

Growing outdoor recreation and domestic travel are expected to drive the recovery of tourism in Indonesia, experts and industry players have said. “[The tourism recovery] will start with adventure, cultural interactions, outdoor or sports activities,” said Muhammad Baiquni, a tourism expert from Gadjah Mada University (UGM) on Dec. 17, 2020.…

Customs Relief for Economic Recovery in the Middle of a Pandemic

The Covid-19 pandemic has been going on for 10 months since the first case was found in Indonesia in early March 2020. However, the number of people infected with this virus is increasing, with case records reaching 765,350 incidents and active cases reaching 110,679 as of January 4, 2021. The…

Oxford Economics projects Indonesia’s GDP to grow 6% in 2021

Indonesia's economic growth is expected to rebound this year after it fell in 2020 into its first recession since the 1998 Asian financial crisis, but the coronavirus pandemic will continue to dampen economic activities, according to the reports of several international organizations. According to the latest economic outlook from Oxford…

Indonesia's Manufacturing Index Rises to Level 51.3 in December 2020

The Minister of Industry (Menperin), Agung Gumiwang Kartasasmita, confirmed that the activities of the domestic manufacturing industry showed a brilliant performance in the last month of 2020. Even though they are still under heavy pressure due to the Covid-19 pandemic, the domestic manufacturing industry continues to strive to rise to…
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